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Take me to the text Saleem Enterprises is a graphic design company. The accountant needs to prepare the relevant journal entries to determine items related
Take me to the text
Saleem Enterprises is a graphic design company. The accountant needs to prepare the relevant journal entries to determine items related to salaries, deductions, and contributions.
a On May Saleem Enterprises had gross pay for employees of $ Total employee contributions to to employee pensions are $ Using the additional information provided below, prepare the journal entry to record the pay period assuming salaries expense and salaries payable accounts are used.
Employee income tax payable $
CPP Payable $
EI Payable $
Do not enter dollar signs or commas in the input boxes.
Round your answers to the nearest whole number.
For transactions with more than one debit, enter the debit accounts in alphabetical order.
For transactions with more than one credit, enter the credit accounts in alphabetical order.
Date Account Title and Explanation Debit Credit
May Answer
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Record salaries and deductions
b Assume that Saleem Enterprises is required to pay the government of the amount of CPP and of EI deducted from employees, and that it contributes the same amount toward the employee pensions as contributed by employees. Using this information and the data from part a prepare the journal entry for the employers payroll contributions.
Date Account Title and Explanation Debit Credit
May Answer
Answer
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Record Saleem payroll expenses
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